Centerbridge nearing a deal to buy IPC Systems from Silver Lake

Centerbridge finished raising a $6bn private equity fund in October – its largest since it formed nine years ago

Investment firm Centerbridge Partners is nearing a deal to buy IPC Systems, a communications company for financial trading, for more than $1.1 billion including debt, according to people familiar with the matter.

IPC is owned by Silver Lake, a technology-focused private equity firm which bought IPC in 2006 for about $800 million.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump